Hedge funds focused on blockchain and cryptocurrency lost nearly 50 percent of their value since the beginning of this year, Hedge Fund Research (HFR) reported.

The HFR Blockchain Composite Index declined 22 percent in June alone and 49 percent in the first six months, while the HFR Cryptocurrency Index dropped 23 percent last month and 49 percent from January to June.

The drop in the blockchain and cryptocurrency benchmarks reflects the loss of value in major digital currencies. Read more here.

ThirtyK Staff
If you would like to contact the ThirtyK News Brief team, please email us at contact@thirtyk.com.